India ICC Membership · Web viewGIFT City, Dist. Gandhinagar - 382355 Gujarat, India. Phone:...

INSTRUCTIONS FOR FILLING THE APPLICATION FOR MEMBERSHIP REGISTRATION ON

INDIA INTERNATIONAL CLEARING CORPORATION (IFSC) LIMITED

General instructions

1. The application form should be filled in block letters2. Please do not use abbreviations while filling the application form and annexures3. Kindly ensure that all the details are provided except for those marked as

optional4. Please provide supporting documents wherever mentioned5. MOA & AOA should be certified by any Director of the Company

Application Fee (non-refundable)

Application fee of USD 500 (non-refundable) shall be made through SWIFT transfer to the India International Clearing Corporation (IFSC) Limited Bank account/s as per the details given below:

India International Clearing Corporation (IFSC) Limited

Name of the Bank

ICICI Bank Yes Bank IndusInd Bank

Kotak Mahindra Bank

Branch NameAccount NumberSWIFT Code

Please contact Membership Department of India International Clearing Corporation (IFSC) Limited at the following address and contact details:

Membership Department India International Clearing Corporation (IFSC) Limited 102 First Level, Signature Tower, Zone 1, GIFT City, Dist. Gandhinagar - 382355Gujarat, India.Phone: +91-79-61993175 Email Id: membership@ indiaicc.com Website: www.indiaicc.com

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1. Membership Deposits, fees, Net Liquid Collaterals and Networth requirement

Details Amount (in US$)Application Processing Fees 500Annual Membership Fees* – (For new members taking membership after April 2017 for the year April 2017 to March 2018)

1,000

Annual Membership Fees – (For members taking up membership from January 2018)

10,000

Interest Free Deposit (refundable) 75,000Details Amount (in INR)SEBI Registration Fees**(applicable only for exclusive clearing membership)

50,000

SEBI Annual Clearing Membership Fees 50,000*For existing members no annual charges (for financial year 2017-18)**The applicant will also have to pay one time SEBI Registration fee of INR 50,000/- by Demand Draft in favour of “Securities & Exchange Board of India” at the time of application

2. Networth requirement (as per LC Gupta format provided in Schedule VI of the SEBI (Stock broker and Sub brokers) Regulations, 1992

Particulars Self-Clearing Member (in US$)

Clearing Member (in US$.)

Networth Requirement

7,50,000 15,00,000

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3. Checklist of documents to be submitted:

Sr. No. List of Documents Annexure Page No.

1. Approval of Development Commissioner of Kandla Special Economic Zone Authority

- -

2. Clearing member application form 1 5-8

3. SEBI Form AD and additional Information Form 2 9-16

4. Infrastructure & Ownership details of office premises 3 17

5. Designated officer details with contact nos. and email id’s 4 18

6. PAN copy of the Applicant - -

7. Undertakings 5 19-21

8. Short history of the applicant and its activities on letter head signed by directors.

- -

9. If an associate Person/ entity of the applicant is a member of any other stock Exchange/Clearing Corporation then the NOC / Status report of that particular exchange/ Clearing Corporation is to be submitted

- -

10. Capital Structure (Authorised & Paid up Capital) of the company, Shareholding Pattern & Promoter Details

6 22-24

11. Board resolution for obtaining the Membership, appointment of designated directors and authorization for signing documents

7 25

12. Latest Financials(as per IFRS accounting standards):

i) Networth Certificate & Computation of Networth (as per SEBI Guidelines or the sectoral regulator as applicable)

ii) Profit & Loss accountiii) Balance sheet (Including all schedules)

8 26-27

13. Certified copy of MOA & AOA by Director - -

14. Details of Directors (in C-3 Format) 9 28

15. Documents pertaining the Designated Directors:

i. Bio-data ii. Education Proofiii. PAN card iv. Securities Market Experience Certificatev. Passport (In case of foreign directors)

10 29-30

16. Names and PAN of the entities / persons along with certified copies of the PAN Cards such as Promoters, Associate(s)/ Group Companies, Principal Officer(s)/ Key Management Person(s), All entities / persons falling within the verticals of applicant both from bottom to top (e. g. holding company) and top to bottom (e.g. subsidiary company), irrespective of whether they are registered with SEBI or any other regulatory authority

11 31

17. Copy of PAN Card and DIN nos. of all directors, Copy of Form No. DIR 12 - -

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filed with ROC.

Instructions directed by SEBI

1 Where PAN is not provided, member shall give an undertaking specifying the time period in which it will be provided

2 As regard NISM certification exemption, member shall submit an undertaking that after expiry of the exemption period , they will provide the NISM certifications

3 As regard Net worth requirement, member shall give an undertaking that it will continuously monitor whether the Networth is always more than the minimum required limit.

4 Networth amount to be mentioned in USD as well as in INR5 The subject line of the covering letter of the member shall be “Application for

registration of (name of entity) as a Clearing Member to carry out securities market related activities in GIFT IFSC.”

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Annexure I

(To be filled by entity who is promoted by Indian Company)(On the letter head of the applicant, signed and stamped by designated director/s on every page)

Clearing Membership application form India International Clearing Corporation (IFSC) Limited

1. Name of the Applicant Company: _____________________________________________

2. In case of applicant company is wholly owned subsidiary of member of any Indian Exchange/clearing Corporation.

Name of the Entity Registration Number PAN Number

3 Details of the Applicant

a. Date of incorporation (dd/mm/yyyy) : _____________________________________________

a. Place of incorporation : _________________________________________________________

b. Corporate Incorporation number (CIN No.) : _________________________________________

c. PAN Number : ________________________________________________________________

If applied, please indicate: Yes No

d. TAN Number : _______________________________________________________________

If applied, please indicate: Yes No

e. Registered Office Address: ___________________________________________________

___________________________________________________

___________________________________________________

District : GANDHINAGAR STATE : GUJARAT Pin Code : 382355

Contact Details:

STD Code: __________ Telephone Number : ______________________________________

Email address: ________________________________________________________________

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Website Address (optional) : ______________________________________________________

Details of Contact person:

Name: ______________________________________________________________________

Designation : __________________________ Contact Number : ________________________

4 Declaration

We hereby apply for Clearing Membership of India International Clearing Corporation (IFSC) Limited. We agree to be bound by Securities and Exchange Board of India (international Financial Services Centres) Guidelines, 2015 as amended from time to time and circulars issued and to pay fees as provided for by India International Clearing Corporation (IFSC) Limited.

We acknowledge that any misstatement or misrepresentations or withholding of facts in connection with this application for membership or breach of any undertaking or condition of admission to membership may result in rejection of our application or termination of our membership. We hereby state that the above mentioned particulars are correct and complete to the best of our knowledge.

Signature/s: 1. __________________________ 2. __________________________________

Name/s of the Authorized signatories (Name of Designated Director/s)

1. ______________________________ 2. __________________________________

Date: ______________________________ Place: __________________________________

5. Please provide the payment details of the bank through which the SWIFT transfer has been made and attach proof of payment scanned copy

Amount paid : ___________________________________________________

Name of the Bank : ___________________________________________________

Branch Name : ___________________________________________________

Wire Transfer Number : ___________________________________________________

Date : ___________________________________________________

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Annexure IA

( stamp duty as may be applicable, signed by authorized signatory and duly notarised)

Date:

To,Membership Department, India International Clearing Corporation (IFSC) Limited 102 First Level, Signature Tower, Zone 1, GIFT City, Dist. Gandhinagar - 382355Gujarat, India.

Dear Sir,

Clearing Corporation Undertaking

We hereby undertake that as long as the company is engaged in stockbroking as a member of any recognized Clearing Corporation in GIFT IFSC, it will engage itself in only such business as a member of a recognized Clearing Corporation is permitted to engage in under the Securities and Contracts (Regulation) Rules, 1957, and the Rules, Bye - laws & regulations of the Clearing Corporation.

1. That the Undersigned shall furnish security deposits, pledge securities, hypothecate movables, create lien on bank accounts or furnish such other security as may be required by the Clearing Corporation/Exchange from time to time and to do all acts, deeds and things to enable the Clearing Corporation/Exchange to exercise all or part of the above mentioned securities to secure recovery of default in payment and other incidental charges relating to default and other dues of the Clearing Corporation and the Exchange, if any;

2. That the Undersigned are aware that it would be/are admitted as a Clearing Member on paying the prescribed membership fee and security deposit and that the Undersigned do unequivocally undertake that it shall not be entitled to make any claim for refund of the security deposit, except when the Undersigned surrenders its clearing membership , that too for the amount lying after appropriation of amounts due from the Undersigned towards its liabilities or obligations towards the Clearing Corporation/Exchange and any other dues recognized as payable by the undersigned under the Rules/Bye-laws and Regulations;

3. That without prejudice to the foregoing, the Clearing Corporation/Exchange shall be entitled to forfeit any property, funds, amounts, deposits or other sums due to the Undersigned or to the credit of the Undersigned in such events or contingencies as may be stipulated in the Rules, Bye-laws and Regulations ;

4. That the undersigned is fully aware and has full knowledge that the Clearing Corporation is not responsible or liable for any failure of computer systems, telecommunication network and other equipments installed at its offices and the Clearing Corporation shall also not be held responsible for any misuse, mishandling, damage, loss, defect etc; and the Clearing Corporation has the right to inspect and supervise all computer systems, software programmes, tele-communications equipment, etc, which are provided by the Clearing Corporation at the undersigned's office for which necessary assistance, cooperation and facility shall be provided and the Undersigned shall not make any alterations, modifications and changes without prior written consent of the Clearing Corporation

5. That the Undersigned undertake to subscribe to the mandatory insurance cover as required by the Clearing Corporation for the Clearing Members in all or in any Clearing Segment and to pay the insurance premium and also to comply with all requirements of the Clearing Corporation in respect thereof.

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6. That the Undersigned shall forthwith inform the Clearing Corporation in writing as and when any notice is received by the Undersigned in connection with any institution of winding up proceedings against it and that the Undersigned shall also inform the Clearing Corporation in writing before the Undersigned initiate any winding up proceedings to be wound up. The Undersigned further undertake that it shall inform the Clearing Corporation in writing on the onset of any circumstance which is likely to or may render it to be wound up or which is likely to or may render it liable to be subject to winding up proceedings.

7. That the fees, security deposits, other monies and any additional deposits paid, whether in the form of cash, bank guarantee, securities or otherwise, with the Clearing Corporation, by the Undersigned from time to time, shall be subject to a first and paramount lien for any sum due to the Clearing Corporation/Exchange and all other claims against the Undersigned for due fulfillment of engagements, obligations and liabilities of the Undersigned arising out of or incidental to any dealings made subject to the Rules, Byelaws and Regulations . The Clearing Corporation shall be entitled to adjust or appropriate such fees, deposits and other monies for such dues and claims, to the exclusion of the other claims against the Undersigned, without any reference to the Undersigned;

8. That without prejudice to the rights, remedies whether legal or otherwise available to the Clearing Corporation upon the Undersigned's non-compliance with this Undertaking, the Undersigned shall indemnify and keep indemnified the Clearing Corporation/Exchange against any loss/damage suffered by it whether legal or otherwise arising due to its non-compliance with the provisions of this Undertaking.

9. That this Undertaking shall be binding upon the heirs, legal representatives, successors and assigns of the Undersigned.

10. We are aware and acknowledge that if we engage in any other business the Clearing Corporation will be entitled to take disciplinary action (including fine, suspension &/or expulsion) against us.

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Annexure 2(On plain paper, signed and stamped by designated director/s on every page)

FORM AD

[Regulation 3]

Application Form for Registration as Clearing Member with Securities and Exchange Board of India

Table 1 :Sr. No. Particulars Details1 Name of Member with Code No.2, Trade name of Member3. Name of Clearing Corporation of which the

applicant is the member4. Date of admission to Clearing Corporation5 Address of Member6 Fax Number(s), :

Phone Number(s) of office :Phone Number(s) of residence :Email address :

7 Form of Organization – Sole Proprietorship, partnership, corporate body, financial institution, Others (Please specify)

Company

8 Net worth along with supporting documents In US$ as well as in INR

Table 2 : Details of proprietor/partners/directors

Sr. No.

Names Age Pan Educational Qualification

Experience in Derivatives trading or securities market, as applicable

Table 3 : Details of membership in other clearing corporations

Sr. No.

Name Clearing Corporation with Code No

SEBI Registration No.

Other details:

1. Please furnish a Copy of Memorandum and articles of association or the partnership deed, as the case may be.

2. Whether the application is accompanied with a requisite fee as per Schedule V of the

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Regulations as applicable to the applicant.

Undertaking

1 Whether the applicant or its directors or partners, any time convicted of any economic offence? If so, please furnish the details?

YES/NO2 Whether the applicant or its directors or partners, declared insolvent or

declared defaulter by any exchange? If so, please furnish details.YES/NO

3 Whether the applicant or its directors or partners at any time subjected to any proceedings or penalty by the Board under the SEBI Act or any of the regulations framed under the SEBI Act? If so, please furnish the details.

YES/NO4 Whether any disciplinary Action has been initiated/taken or penalty has

been imposed by SEBI/stock exchange(s)/Clearing Corporation(s) or any other regulatory authority? If yes, furnish details. Also provide details of corrective steps taken thereon.

YES/NO

Declaration:

I declare that the information given in this form is true and in the event of any information furnished is false, misleading or suppression of facts, my certificate of registration is liable to be cancelled by SEBI without assigning any reasons whatsoever.

Dated: Signature :Name :

Designation :

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Recommendation of the Clearing Corporation

This is to certify that __________________________ is a member of this Clearing Corporation and is recommended for registration with the Securities and Exchange Board of India.

Signature :Name :

Designation :

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(On plain paper, signed and stamped by designated director/s on every page)

ADDITIONAL INFORMATION TO BE SUBMITTED AT THE TIME OF REGISTRATION OF CLEARING CORPORATION WITH SEBI.

1) Name of the Clearing Corporation

a)Name of the Applicant Member Broker

b)Exchange Clearing Code No. (If allotted By the Stock Exchange)

2) Trade Name of Member

3) Address of Member

4) Tel No. (O)

Tel No. (R)

Fax No.

5) Form of Organisation : Please tick the relevant entity

a) Sole Proprietorship b) Partnership

c) Corporate Body I) Financial Institution

II) Others

III) Foreign Joint Ventures

(If an Indian Company is holding more than 25% of total equity in the joint venture. Please give details of top five shareholders of Indian Company).

Name of Indian CompanyTop five Shareholders1.2.3.4.5.

% Holding

FIPB Approval, if applicable

6. A) Sole Proprietorship :Name of Proprietor Educational

QualificationAge (on the data of filing of application)

Experience (specify the nature and years)

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INDIA INTERNATIONAL CLEARING CORPORATION (IFSC) LIMITED

B) Partnership :Name of partners Age (on the

date of application)

Educational Qualification

Experience (specify the nature and years)

In case partners is/are registered with SEBI, give SEBI Regd. No.

C) Corporate Body (Financial Institution / Others)

i) MOA object clause contains stock broking as one of the object in

a) Main Object

b) Other Object

c) Incidental Object

(If, stock broking clause appears in other object please attach a copy of special resolution to amend the MOA to incorporate Stock Broking in main object clause)

ii) Mention relevant clause no.

(Please enclose copy of the relevant clause of the MOA duly certified by the stock exchange. If certified copy is not enclosed application would be returned.)

iii) Information regarding directorsName of directors with Designation whether whole name / designated / additional

Percentage of Share holding


Experience (specify nature and years )

Whether directors in other corporate bodies engaged in capital markets (please give names and SEBI Regd. No.)

iv) Details of top five shareholders

Name of Shareholders

Percentage of Share holding


Experience (specify nature and years)

Whether shareholders in other corporate bodies engaged in capital markets (please give names and SEBI Regd. No.)

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7. a) Date of Admission to Membership of the stock Exchange.

b) Mode of Acquiring Membership ( Please attach old SEBI Registration certificate in all cases other than the cases of new membership)

i) New Membership

ii) Conversion

iii) Succession

iv) Auction Purchase(In case member has become defaulter)

v) Market Purchase

vi) Transfer to another Company under same management(please specify reasons)

vii) Others Please specify

c) Please give the following information in all cases other than the case of new membership.

i) Name of the previous holder Of the card

ii) SEBI Registration No.

iii) Date of RegistrationWith SEBI

d) Whether the applicant is member of more than one stock exchange ?

YES NO

e) If yes, please give name(s) of the stock exchange(s) with Code No. and SEBI registration no.

Name of exchange(s)

SEBI Registration no(s).

8. a) Whether any of the Associate Companies/Partnership/Proprietorship Firm is/are having direct/indirect interest (*as defined below) in capital market.

YES NO

*The member is deemed to have direct/indirect interest in the following conditions :i) Where he is individual, he or any of his relative being a broker/any intermediary, he or any of his

relative being a partner in a broking firm/any intermediary, he or any of his relative being a director in a broking company/any intermediary or he or any of his relatives clubbed together holding substantial equity in any broking company/any intermediary engaged in capital market.

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ii) Where it is partnership firm/company, the relative(s) of partner(s)/director(s) in the firm(s)/corporate body being a broker/any intermediary of being partner(s)/director(s) in any broking/any intermediary engaged in capital market

iii) Relative shall mean husband, wife, brother, unmarried sister or any linear ascendant or descendant of an individual.

b) If yes, please give details (you may attach separate sheet, if required)Name Form of

organisationType of intermediary #

Whether registered with SEBI (give Regd. No.)

Nature of interest

# Merchant Banker, Portfolio Manger, Registrar of Issue & Share Transfer Agent, Banker to an Issue, Mutual Fund, Venture Capital, Underwriter, Debenture Trustee, FII.9. Disciplinary Action initiated/taken against the Associate entities, as indicated in 8(b) above.(Please state details of nature of violation, action initiated/taken and by which authority)

a) Disciplinary action taken by SEBI ( if yes, please attach details mentioning nature of violation and action taken )

YES NOb) Disciplinary action taken by any other authority (please attach details of nature of violation and action

initiated)YES NO

c) Disciplinary action initiated by SEBI (if yes, please attach details of nature of violation and action taken)

YES NOd) Disciplinary action initiated by any other authority (please attach details of nature of violation and

action initiated)YES NO

10 a) Net-worth as per the requirement of the exchange (Rs. in Lakhs)

b) Applicant's net-worth in accordance with formula prescribed by concerned stock exchange (Rs. in Lakhs)

(Certificate from a qualified C A certifying the above should be enclosed)

c) Please indicate the net-worth as per the following formula (Rs. in Lakhs)

i) Paid up Capital

ii) Free Reserves (Exclusive of Revaluation Reserves)

iii) Less-Misc. expenditure not written off

Total Net-worth (i+ii-iii)

I/We declare that the information given in this form is true to the best of my knowledge and belief.

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Date :

SignatureName and address of the applicant

List of Enclosures

1. Copy of relevant clause of MOA duly certified by the Clearing Corporation.2. Certificate from the qualified Chartered Accountant certifying the networth and paid up capital.3. Undertaking by applicant that he/it had not introduced through any member broker/sub-broker of the

Exchange any fake /forged/stolen shares in the Exchange/market. If yes, details thereof including action taken, if any, by the applicant.

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Annexure 3

(On letter head, signed and stamped by designated director/s)

Infrastructure Details

a) Office Premises

b) Computers

c) Telephone/Telex/Fax

d) Employees

e) Affiliates and Associates including foreign collaborations

f) Any other aspect considered relevant

Stamp and signature of Designated Directors

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Annexure 4(On letter head, signed and stamped by designated director/s and designated officer)

Format for Appointment of Designated Officer Date:

Membership DepartmentIndia International Clearing Corporation (IFSC) Limited 102 First Level, Signature Tower, Zone 1, GIFT City, Dist. Gandhinagar - 382355Gujarat, India.

Sub: Appointment of Designated Officer

Dear Sir/ Madam

I/We have appointed Mr../Ms __________________________________ as our designated officer in keeping with the Regulation 9(2) of the SEBI (IFSC) Guidelines, 2015.

Information on the designated Officer is as below:

Name of the new Designated OfficerPAN detailsEducational QualificationTelephone and mobile numberOffice AddressEmail AddressName of Father/ RelativeResidential addressPrevious Employment/ Name of the Organization

I/We hereby undertake that we will keep the Clearing Corporation informed of any future change in the designated officer.

Yours faithfully For _________ (name of the applicant) Counter signed by

Signature of Designated Directors Signature of the Designated Officer

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Annexure 5

(On letterhead of the applicant, signed and stamped by designated director/s on every page)

Date:

To,Membership Department, India International Clearing Corporation (IFSC) Limited 102 First Level, Signature Tower, Zone 1, GIFT City, Dist. Gandhinagar - 382355Gujarat, India.

Dear Sir,

Clearing Corporation Undertaking

We hereby undertake that as long as the company is engaged in stockbroking as a member of any recognized Clearing Corporation in GIFT IFSC, it will engage itself in only such business as a member of a recognized Clearing Corporation is permitted to engage in under the Securities and Contracts (Regulation) Rules, 1957, and the Rules, Bye - laws & regulations of the Clearing Corporation.

We are aware and acknowledge that if we engage in any other business the Clearing Corporation will be entitled to take disciplinary action (including fine, suspension &/or expulsion) against us.

SEBI Undertaking

We hereby declare that neither our company nor any of the directors of our company are in anyway associated / connected with any of the defaulting members of any stock Exchange/clearing corporation. We further declare that no investigation / inquiry by any stock Exchange/clearing corporation is pending against our company or any of the directors of our company.

Declaration cum undertaking from the applicant company & / or its holding company.

We hereby declare that the director/designated directors of the company were/ are not debarred and/or no actions were/ are initiated against them by the Securities and Exchange Board of India from associating from the capital market AND the company undertakes that it will not appoint any such person/s, in future as director(s) of the company.

Two Point Undertaking

i) There are no enquiry/ adjudication/ action/ prosecution is/was pending/completed against __________________________________________<name of the Applicant > or any of its following directors (and if yes details thereto).

<Names of All Directors >

a. _________________________________________<Name of the applicant>has never been declared defaulter or is associated with any person/entity/broker who has been declared defaulter by any stock exchange/clearing corporation in India

b. There are no enquiry/investigation has been initiated/ pending against _________________________________________<name of the applicant >by any stock exchange/clearing corporation in India.

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Undertaking for Fit and Proper Person

I/ We, M/s. _________________________________________<name of the applicant> hereby declare that I/ We, our directors, our associates (as defined in SEBI (Intermediaries) Regulations, 2008), Key Management Personnel and Principal Officer are ‘fit and proper person’ as per Schedule II of SEBI (Intermediaries) Regulations, 2008. I/ We confirm the following in this regard:

a) I/ We, or our directors, our associates (as defined in SEBI (Intermediaries) Regulations, 2008)/ Key Management Persons and Principal Officer have not been convicted by a Court for any offence involving moral turpitude, economic offence, securities laws or fraud;

b) no order for winding up has been passed against me/ us; c) Neither I/ We our directors, our associates (as defined in SEBI (Intermediaries) Regulations, 2008)/

Key Management Persons and Principal Officer have been declared insolvent and have been discharged;

d) no order, restraining, prohibiting or debarring me/ us or our directors, our associates (as defined in SEBI (Intermediaries) Regulations, 2008)/ Key Management Persons and Principal Officer from dealing in securities in the capital market or from accessing the capital market has been passed by SEBI or any other regulatory authority;

e) no order canceling our certificate of registration has been passed by SEBI on the ground of my/ our indulging in insider trading, fraudulent and unfair trade practices or market manipulation;

f) no order withdrawing or refusing to grant any license / approval to me/ us or our directors, our associates (as defined in SEBI (Intermediaries) Regulations, 2008)/ Key Management Persons and Principal Officer which has a bearing on the capital market, has been passed by SEBI or any other regulatory authority;

g) I/ We are financially sound.

Undertaking

a. None of the _________________________________________<Name of the applicant> and their directors are associated in the following two categories as per Reserve Bank of India data as on the even date (www.cibil.com <http://www.cibil.com>)

o Suit Filed Accounts of INR 100 Lakhs and aboveo Suit Filed Accounts (Willful Defaulters) of 25 Lakhs and above

b. None of the _________________________________________<Name of the applicant> and their directors are associated in the following four categories as per SEBI data as on the even date (www.sebi.gov.in <http://www.sebi.gov.in>)

o List of Companies & Directors debarred from associating with Capital Market for a period of five years - Companies (http://www.sebi.gov.in/pmd/debarredco1.html)

o List of Companies & Directors debarred from associating with Capital Market for a period of five years - Directors (http://www.sebi.gov.in/pmd/debardirector1.html)

o Database of Prosecution cases launched against CIS Entities across the country (http://www.sebi.gov.in/cis/cis_prosecution_data.html)

o Database of the Prosecution cases launched other than Collective Investment Schemes (CIS) across the country (http://www.sebi.gov.in/cis/ noncisdata.html)

There are no adverse comments against the _________________________________________<Name of the applicant> any of its directors/associates/wholetime directors as per the Vanishing Companies Database (Data available in Vanishing Companies on http://www.mca.gov.in/Ministry/vanishing.html as per the link which has been provided on http://www.sebi.gov.in/cms/sebi_data/attachdocs/

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1315458767512.pdf) in the following categories as per SEBI data as on even date

List of Companies against which orders have been passed U/s 11B of SEBI Act

List of Companies where orders issued U/s 11B were revoked

List of Directors where orders issued U/s 11B were revoked

List of Promoters/Directors against whom orders have been passed U/s 11B of SEBI Act

Submission Required by SEBI to Verify Fit and Proper Person Criteria

Whether there are any instances of violation or non-adherence to any securities market related regulations by the applicant or its associate(s) / group companies in India or abroad and any action has been taken by a regulatory agency in this regard. If yes, the applicant may be advised to provide the following additional information:

Instances : Yes No

a. Top 10 monetary penalties in case of foreign entities and all monetary penalties in case of Indian entities, imposed against the applicant or any associate of the applicant (for irregularities/ violations in the financial services sector or for defaults in respect of shareholders / debenture holders and depositors, by any financial regulatory body or government authority or settlement arrived with any financial regulatory body during the last five years and details thereof). Penalties awarded for economic offences may be disclosed only in case of the applicant.

Applicable Not Applicable

b. Details of all cases of suspensions and cancellation of certificate of registration (for irregularities / violations in financial services sector or for defaults in respect of shareholders, debenture holders and depositors) of the applicant or any associate of the applicant shall be disclosed for the last 10 years.

Applicable Not Applicable

All disclosures on penalties and action taken as per (a) and (b) above against foreign entities may be limited to the jurisdiction of the country where the principal activities (in terms of income / revenue) of the applicant / associate companies are carried out or where the headquarters is situated

SEBI undertaking in respect of Infrastructure

This is to certify that _________________________________________<name of the applicant > as per SEBI (Stock Brokers and Sub Brokers ) Regulations, 1992 Chapter II Rule 5 (b) has the necessary infrastructure like adequate office space, equipments and man power to effectively discharge the broking activities.

Stamp and Signatures of the Designated Directors

Date:

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Annexure 6

(On letterhead of the applicant, duly signed & stamped by designated directors and chartered accountant)

Capital Structure (Authorised & Paid up Capital) of the company

Statement of Details of Capital Structure As On __________

Present Capital Structure

Authorised Capital No. of Shares Amount

Equity

Preference

Other Classified Shares

Issued , Subscribed & Paid Up Capital

Equity

Preference

Other Classified Shares

CERTIFICATE FORMAT

This is to certify that the Capital Structure in ------------------------------------(name of the company) as given above, based on my /our Scrutiny of the book of accounts, records and documents is true and correct to the best of my /our knowledge and as per information provided to my/our satisfaction.

Date/Place

Signature & seal with Chartered Accountant registration number

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(On letterhead of the applicant, duly signed & stamped by designated directors and chartered accountant)

Shareholding Pattern of the company as on

Name of Applicant:

Present Shareholding

Sr. No.

Category/ Name of Share Holders

No. of Equity Shares

% of Total

Capital

Paid Up Equity Capital

(In US$)

No. of Preference Shares

% of Total

Capital

Paid Up Preference

Capital

(In US$)

1 Names of Individual Promoter/s

1.Resident Indians

2.NRI's

3.Foreigners

Names of Corporate Promoter/s

1.Co.'s/ Entities Incorporated abroad

2.Co's/Entities Incorporated in India

2 Names of Non-Promoter Individual/s

1.Resident Indians

2.NRI's

3.Foreigners

Names of Non-Promoter Corporate/s

1. Co.'s/ Entities Incorporated abroad

2.Co's/Entities Incorporated in India

3 Others

Total

Please note that all the shareholders name should be mentioned in the statement and the statement should be signed & stamped by designated directors and chartered accountant

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CERTIFICATE FORMAT

This is to certify that the Shareholding pattern in ------------------------------------(name of the company) as given above, based on my /our Scrutiny of the book of accounts, records and documents is true and correct to the best of my /our knowledge and as per information provided to my/our satisfaction.

Date/Place

Signature & seal with Chartered Accountant registration number.

(On letterhead of the Applicant duly signed & stamped by designated directors)

Promoters Details of the member with Address

Sr. No. Name of the Promoter PAN Residential Address (in case of individual Promoters) & Corporate Address (in case of Corporate Promoter)

1

2

3

4

Signature of Designated Directors:

Date:

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Annexure 7Specimen Board Resolution

(On letterhead of the Applicant duly signed & stamped by designated directors)

Copy of the Board Resolution passed by the Board of Directors of the Company in the meeting held on date ____________________

RESOLVED THAT the proposal of the Company to submit its application to India International Clearing Corporation (IFSC) Limited, for obtaining registration as clearing member (SCM/CM) is hereby approved:

Resolved Further That Mr./Ms. _____________________________________ and Mr./Ms ________________________________ (Name of Designated Directors), Directors of the Company be and are hereby appointed and authorized to act as Designated Directors on behalf of the Company for all matters related to membership of India International Clearing Corporation (IFSC) Limited.

Further resolved that Mr. / Ms. _________________________ <<Name with designation of authorized signatories>> And Mr. / Ms. _____________________________ <<Name with designation authorized signatories >> of the Company be and are authorized to execute individually/jointly <<strike whichever is not applicable>> all documents/ agreements on behalf of the Company/ Bank for acquiring the membership of segments of India International Clearing Corporation (IFSC) Limited., as indicated above.

For and on behalf of The Board of Directors

Company SealDatePlace

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Annexure 8

The original Networth certificate issued by the Chartered Accountant on

his letter head to be furnished)

NETWORTH CERTIFICATE

This is to certify that the Networth of M/s__________________ as on _____________, as per statement of computation of even date annexed to this report is US$ _________/- (US$__________________________ only).

We further certify that:

_____________ is not engaged in any fund based activities or business other than that of securities. Existing fund based activities, if any, have been divested from the books of accounts and have not been included for the purpose of calculation of Networth *

The computation of Networth is in accordance with the method of computation prescribed in Schedule VI of the SEBI (Stock broker and Sub brokers) Regulations, 1992.

The computation of Networth, based on my / our scrutiny of the books of accounts, records and documents is true and correct to the best of my / our knowledge and as per information provided to my / our satisfaction.

For (Name of Certifying Firm)

Signature & Seal of Certifying Firm

Name of Partner / Proprietor

Membership Number:

Firm Registration Number:

Date:

Place:

*Note: If not applicable/ non-compliant, confirmation to that effect should be clearly mentioned in the Networth certificate along with justifications.

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COMPUTATION OF NETWORTH AS ON__________

Name of the Applicant:

Sr. No Particulars US$ US$

A. Paid up Capital xx

B. Free Reserves xx

C. Total (A+B) xxx

D. Less: non-allowable assets

i. 1. Fixed assets xx

2. Pledged Securities xx

3. Member’s card xx

4. Non-allowable securities (unlisted securities) xx

5. Bad deliveries xx

6. Doubtful debts and advances* xx

7. Prepaid expenses, losses xx

8. Intangible assets xx

9. 30% value of marketable securities xx

Total of non-allowable assets (1 to 9) xxx

E. Total Networth as on_____ (C-D) xxxxx

* Explanation – Includes debts/advances overdue for more than three months or given to associates.

For (Name of Certifying Firm)

Signature & Seal of Certifying Firm

Name of Partner / Proprietor

Membership Number:

Firm Registration Number:

Date:

Place:

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Annexure 9

(On letterhead of the applicant duly signed & stamped by designated directors)

Form C-3

Details of Directors as on _____________

SrNo

Name Father’s name

Designation Date of Birth

Education Experience (No. of years)

PAN/ Passport number

Director Identificationnumber

Residential Address and Telephone Numbers

Designated Directors (Yes / No)

Shareholding/percentage of

No Amount % of total

Stamp and signature of Designated Directors:

Date:

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Annexure 10

Bio-data of Designated Directors

Full Name:Designation:

(Wholetime/Executive/Non-Executive/Managing Director)Date of birth: (dd/mm/yyyy)`Full Address:Office

Residence

Tel. No.: (With country & area code)

Office

Residence

Email id :Mobile No.: (With country & area code)Fax No.: (With country & area code)Educational Qualification(s):Work Experience (in detail):Details of other directorships held (if any)Membership of Professional Bodies:

(if any)Nationality:PAN details:Passport Details*:

Number :

Date of Issue :

Date of Expiry :

I hereby solemnly declare and affirm that the above information is true and correct to the best of my knowledge.

Place:

Date : Signature:

Note:

1) Its mandatory to provide all the required information

2) * Please enclose a certified true copy of the PAN card/passport

Annexure 11

(On letterhead of the applicant duly signed & stamped by designated directors)

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Names and PAN of the following entities / persons along with certified copies of the PAN Cards:

Sr. No. Category PAN Card Nos

A Promoters

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2

3

4

B Associate(s)/ Group Companies

1

2

3

4

C Principal Officer(s)/ Key Management Person(s)

1

2

3

4

D All entities / persons falling within the verticals of applicant both from bottom to top (eg holding company) and top to bottom (eg subsidiary company), irrespective of whether they are registered with SEBI or any other regulatory authority.

1

2

3

4

Date

Stamp and signature of Designated Directors

*********

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